The Ladder System | Foreign Exchange EA Download- MT4/MT5 Resources
I'm working on developing a new system EA based on the ladder concept. This means that new transactions can be added in user-definable steps as long as the previous transactions are not stalled. All trades will have a unified Stop Loss (SL) that changes with each new ladder step, and all orders will have a final profit target.
System advantages:
System advantages:
- Limited low risk (always fixed = initial risk)
- Get very high rewards based on the number of ladders and final profit target
Since every trader has their own input system, my query is:
Should I include the first entry in the EA according to some strategy,
Alternatively, I have the user open the first order and build the ladder form there.
Your comments are welcome
Khalil Abkewiak
Version control :
- The Simplest Version 01: Ladder System EA_v01 Date November 9, 2014 Post #26
- User’s First Order: Ladder System EA_UFO Date November 16, 2014 Post #63
Member Wish List:
- Ahmad29: Let users keep their first order open because then all traders can start building ladders based on their concept or strategy
- Emmanuel 7788: Initial stop loss using ADR, position size calculated using capital percentage
- Emmanuel 7788: Each subsequent additional position is half the initial trade
- Emmanuel7788: There are different options for trailing stop loss
My translation of the membership wish list:
- Added option to enter first order manually or automatically via system built-in strategy
- first order risk percentage
- Variable lot size for new orders
- Trailing stop option (different from initial stop). This is important because we want to keep the initial stop small until the trend is clear, and then we can use a wider trailing stop to trail run profit orders and let the trend breathe.






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